The consumer price index is used to monitor changes in an economy's production of goods and services over time.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.

Economy's Production

The total output of goods and services produced by a country's economy over a specific period.

Goods And Services

The output produced by economic activities which are either tangible products or intangible acts benefiting individuals or society.